Christie’s Asia Achieves HIGHEST EVER ANNUAL SALE TOTAL FOR HANDBAGS & ACCESSORIES GLOBALLY HK$154 million / US$20 million

MARKING A DECADE OF ASIA PACIFIC MARKET LEADERSHIP

Jewellery, Watches & Handbags

Hong Kong APAC 26 November 2023

Christie’s Asia Achieves
<strong>HIGHEST EVER ANNUAL SALE TOTAL FOR </strong>
<strong>HANDBAGS & ACCESSORIES GLOBALLY</strong>
HK$154 million / US$20 million

Hong Kong Autumn Auction Sale Total

HK$55 million / US$7 million

94% Sold by Lot

115% Hammer Against Low Estimate

More Than Half of Lots Sold Over High Estimate

Collectors and fashion lovers queued to enter the bustling saleroom for the Handbags & Accessories live autumn auction in Hong Kong.

Pictured, auctioneer Liang-Lin Chen auctioning the top lot of the sale

Lot 3834

AN EXCEPTIONAL, MATTE WHITE HIMALAYA NILOTICUS CROCODILE DIAMOND BIRKIN 25 WITH 18K WHITE GOLD & DIAMOND HARDWARE

HERMÈS, 2020

Price realised: HK$2,772,000 / US$357,272

Hong Kong – Christie’s proudly marks a decade of market leadership for Handbags & Accessories in Asia Pacific with a 2023 annual sale total of HK$154 million / US$20 million, the highest ever for the category globally. Through its meticulous sale curations in Asia, featuring the most iconic and coveted designs from renowned maisons, Christie’s is consistently presenting exciting and unique collecting opportunities for fashion lovers worldwide.

This record annual sale total was realised on 25 November 2023, after Christie’s Handbags & Accessories live auction in Hong Kong reached HK$54,986,400 (US$7,086,983), and was 94% sold by lot, achieving a hammer price 115% against the low estimate. Many of the sensational handbags presented exceeded expectations and over half of lots sold above their high estimates. The category continues to draw in new and younger buyers to Christie’s as well as significant digital engagement – 28% of the buyers were new, millennials accounted for over 70% of new buyers, and more than 40% of collectors acquired pieces through online bidding. The sale attracted global participation from 24 countries across 4 continents.

NOTES TO EDITORS

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About Christie’s

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of global services, including art appraisal, art financing, international real estate and education. Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $500 to over $100 million. Christie’s has sold 7 of the 10 most important single-owner collections in history, achieved the world record price for an artwork at auction, launched the first fully on-chain auction platform dedicated to exceptional NFT art and manages an investment fund to support innovative startups in the art market. Christie’s is also committed to advancing responsible culture throughout its business and communities worldwide. To learn more, browse, bid, discover, and join us for the best of art and luxury at christies.com or by downloading Christie’s apps.

* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.